The Ivorian government has just withdrawn its plan to issue complementary bonds (Eurobond) on the international financial market. And for good reason, the country wants to meet a number of financial needs for the year 2021.

The Minister of Economy and Finance, Adama Coulibaly asked the representatives of the Lower House to completely withdraw the ordinance issued on July 7 by the President of the Republic for several reasons. According to him, Côte d'Ivoire, which was planning to launch this mobilization of resources on the international market in order to meet the requirements it was facing, was able to obtain resources to fill its 2021 budget deficit. This initiative, specifies the Minister of Economy and Finance, intervened because the country was facing disruption caused by Covid-19. Also, because he was facing a drop in tax revenue caused by electricity rationing. He did not fail to underline the increase in budgetary expenditure in connection with investments in the electricity sector and the acquisition of suitable equipment in order to deal with the terrorist threat.